FMH, a leading technology-enabled logistics provider, has grown significantly since SingPost’s initial investment in 2014, says SingPost in a Feb 26 bourse filing. Formed through strategic acquisitions and mergers, including CouriersPlease and Border Express, FMH has become among the top five logistics players in Australia by revenue, adds the company.
Singapore Post (SingPost) has announced that it will hold an Extraordinary General Meeting (EGM) on March 13 to seek shareholders’ approval for the proposed divestment of its Australia business, Freight Management Holdings (FMH), to Pacific Equity Partners (PEP).
The transaction represents an enterprise value of A$1.02 billion ($867.0 million).
